News and Communication
The Honourable Mr. Pravind Kumar Jugnauth, Prime Minister, Minister of Home Affairs, External Communications and National Development Unit, Minister of Finance and Economic Development of the Republic of Mauritius presented his budget speech for the fiscal year 2018/2019 on the 14th of June 2018.
The 2018/19 budget, themed Pursuing our Transformative Journey, reiterates the Government’s desire and willingness to devise strategies in order to achieve its objective of graduating to a high-income economy, which revolves around defined priorities, namely, economic prosperity, social harmony and environmental sustainability.
- Opening of FCS's Represenataive Office in India
- Promoting the Mauritius International Financial Centre in the Gulf
- Mauritius updates its Data Protection Legislation to be in line with the GDPR
- Introduction of a Registration Certificate for Food Processing Activities
- Tax Holiday Certificate
- Common Reporting Standard:
- Reporting 2018
- Adoption of disclosure rules for advisors
The General Data Protection Regulation (GDPR) (Regulation (EU) 2016/679) will be effective as from 25 May 2018 across the European Union. Mauritius has implemented the GDPR by the enactment of the Data Protection Act 2017 (DPA 2017), already in effect since 15 January 2018.
Global Competitiveness Report 2017/2018: Mauritius in the Lead in Sub – Saharan Africa
A. Mauritius signs the Multilateral BEPS Convention
B. The Securities (Preferential Offer) Rules 2017
C. New Criterion for investors of Professional Collective Investment Scheme offering their shares by way of Private Placement.
D. Enhancement in the conduct of business in Mauritius by a corporate holding a Catergory 2 Global Business Licence ('GBC')
E. Appointment of New CEO of the Financial Services Commission Mauritius
The Prime Minister and Minister of Finance and Economic Development delivered his budget speech on Thursday 8th June 2017. While the proposed measures have been generally well received by the different stakeholders of the Mauritian economy, the true intent and purport of those measures would need to be assessed going forward in order to gauge their economic impact.
The new Business Facilitation Act came into force on 20 May 2017 with the objective of eliminating regulatory as well as administrative hurdles to investments.
This fundamental reform seeks at creating a more business-friendly climate for investing and conducting business in Mauritius.
The Act promotes the use of information technology for a modern and digital business environment by bringing significant amendments and innovations to twenty six (26) pieces of already-existing legislation.
In this Issue:
A. 2017 Global Talent Competitiveness Index: Mauritius ranked 1st in Africa
B. Launch of the National Code of Corporate Governance 2016
C. First African Economic Platform (AEP) hosted in Mauritius
D. MoU signed between the Hongkong Trade Development Council (HKTDC) and Mauritius to enhance bilateral relations in the field of financial services
E. Road show in Cape Town, Johannesburg & Gaborone from the 8th - 13th May 2017
INDIA'S GENERAL ANTI-AVOIDANCE RULE (GAAR) EFFECTIVE FROM 1 APRIL 2017
In this Issue:
A. Changes brought by the Finance (Miscellaneous Provisions) Act 2016 in the Financial Services Sector
B. Holders of GBL2 allowed to invest on SEM
C. Positioning of Mauritius on the International scale
D. The Launching ceremony of a subsidiary of the Bank of China (BOC) in Mauritius
A. Mauritius ranked as the most resilient economy in sub-Saharan Africa
B. Bank of China Licensed to conduct banking operations in Mauritius
C. Direct flights to Maputo and Dar es Salaam as from May 2016
D. New MoU between FSC Mauritius and The Financial Services Authority Seychelles
E. New MoU between FSC Mauritius and The Financial Services Regulatory Authority (FSRA) of Swaziland.
A. New Captive Insurance Act 2015
B. Mauritius tops the African Governance List
C. Economic Freedom Report 2015
D. New Category of Investment Adviser for Corporate Finance
E. New MoU between Mauritius FSC and Dubai Financial Services Authority